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IL&FS Transportation plans to issue Rs. 1.25 billion of debentures
By Susanna Moon
Chicago, May 12 – IL&FS Transportation Networks Ltd. notified the Bombay Stock Exchange it plans to issue Rs. 1.25 billion of debentures in a private placement.
The company approved on May 8 the allotment of 1,250 rated, listed, redeemable non-convertible debentures with a face value of Rs. 1 million each, according to a notice.
The company had issued 23,550 debentures for a total amount of Rs. 23.55 billion.
To date, the company has issued 24,800 debentures for a total amount of Rs. 24.8 billion.
IL&FS Transportation is a surface transportation infrastructure company based in Mumbai, India.
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